When it comes to getting a new credit card, there are a lot of hoops you have to jump through. For starters, you’ll need to fill out a credit application and submit it with supporting documentation like recent pay stubs and bank statements. Then, the application process will take anywhere from two weeks to four months. As if that wasn’t bad enough, you’ll also need to wait for your lender’s decision on whether or not they want to give you the card. Not exactly easy
What is Navy Federal Business Credit Card?
Navy Federal Business Credit Card is an unsecured credit card that can be used by businesses for business expenses and personal purchases. It is also a credit card that provides business owners with six months of interest-free financing.
The Navy Federal Business Credit Card is a premier credit card that provides extraordinary benefits and privileges to active and retired United States military personnel, their families, and all government employees. Whether you are looking for affordable rates on purchases of your business or personal use, this card has it covered.
Benefits of Navy Federal Business Credit Card
The Navy Federal Business Credit Card gives you access to the flexibility to purchase and use your credit card points in a variety of ways, which means there is always something new to explore. Navy Federal Credit Cards also offer a large sign-up bonus, no foreign transaction fee and low interest rates on purchases.
Navy Federal Business Credit Card is a great card with some very attractive features. For example, this card offers a sign-up bonus of up to $200 and gives you the option on how you want to redeem that bonus. You can earn points toward merchandise or cash back, or use it to pay down your balance right away.
How to Get Navy Federal Business Credit Card
Navy Federal has many rewards for members and is a great card to have when traveling. Navy Federal Business Credit Card offers cash back on various purchases, a unique travel insurance policy, and much more.
In order to be eligible for a navy federal business credit card, you need to have an active current or past affiliation with the military. If you haven’t served in the military and are not currently affiliated with them, there is no way to become eligible for a navy federal business credit card. The applicant must also have excellent credit history as well as a steady income. Eligible applicants will also get up to $3,000 cash back over the life of the navy federal business credit card
What to do after you get your card?
After receiving your navy federal business credit card, it is important to spend the money you’ve been given. Spend wisely and remember that the more you spend, the faster you’ll build up a good credit score.
After you receive your navy federal business credit card, continue with the process of establishing a positive relationship with both your customers and your bank. For example, if you are not currently using an auto-pay option, consider adding an auto-pay plan to help make your future payments easier.
Tips on keeping your credit score in check
Keeping your credit score in check can be a difficult process, but it’s essential. You don’t want to be in the position of trying to get credit when you’re struggling with your own finances.
Credit utilization is a significant factor in determining your credit score. If you’re worried about keeping your credit score healthy, then make sure to keep it low by not carrying high balances on too many cards. If you want to know more about how to manage your credit score, then read Navy Federal’s blog post on the subject.